QUADIENT - 2020 Universal Registration Document
2
CORPORATE GOVERNANCE REPORT Remuneration of managers and directors
The 2019 performance share plan would be amended as follows:
Initial lower limit (0 )
Amended lower limit (0 )
Initial maximum (100 )
Amended maximum (100 )
Fiscal Year
Impact on share performance envelope
Weighting Criteria (a)
Relative total shareholder return (from 1 February 2019 until 31 January 2022 (included); for January 2022 only, the TSR performance is measured on the average TSR of the month)
60
0 No change
+2 No change
No impact
0
0
+2
+2
2019
One third of the shares attached to this criterion, i.e. one third of 40 of the total allocation are cancelled immediately 2021 targets are increased compared to original targets of the plan DECREASE OF: (I) THE GLOBAL ENVELOPE FROM 400,000 TO 346,667; AND (II) THE CHIEF EXECUTIVE OFFICER'S ENVELOPE FROM 40,000 TO 34,667
Not taken into account
Not taken into account
0
+2
2020
40
Organic sales growth (b)
0
+1.20
+2
+3.20
2021
MAXIMUM NUMBER OF SHARES THAT CAN BE GRANTED TO ALL BENEFICIARIES
N/A
0
0 400,000 346,667
TOTAL
The measurement of the performance is linear between the lower limit and the maximum. (a) Based on the average performance of 2019 and 2021 (at constant exchange rates and scope). (b)
The 2020 performance share plan would be amended as follows:
Initial lower limit (0 )
Amended lower limit (0 )
Initial maximum (100 )
Amended maximum (100 )
Fiscal Year
Impact on share performance envelope
Weighting Criteria (a)
Relative total shareholder return (from 1 February 2020 until 31 January 2023 (included); for January 2023 only, the TSR performance is measured on the average TSR of the month)
60
0 No change
+2 No change
No impact
Not taken into account
Not taken into account
One third of the shares attached to this criterion, i.e. one third of 40 of the total allocation are cancelled immediately 2021 and 2022 targets are increased compared to original targets of the plan DECREASE OF: (I) THE GLOBAL ENVELOPE FROM 400,000 TO 346,667; AND (II) THE CHIEF EXECUTIVE OFFICER'S ENVELOPE FROM 40,000 TO 34,667
0
+2
2020
40
Organic sales growth (b)
0
+1.20
+2
+3.20
2021
0
+1.20
+2
+3.20
2022
MAXIMUM NUMBER OF SHARES THAT CAN BE GRANTED TO ALL BENEFICIARIES
N/A
0
0 400,000 346,667
TOTAL
The measurement of the performance is linear between the lower limit and the maximum. (a) Based on the average performance of 2021 and 2022 (at constant exchange rates and scope). (b)
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UNIVERSAL REGISTRATION DOCUMENT 2020
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